Real Time Problems

I lost my Florida home to foreclosure 2/5/10.  On 3/8/10, I received a letter from “Real Time Resolutions” indicating they now have servicing rights to our mortgage loan with a payoff amount of $153,443.21.  Do I have any recourse?

Milinda

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Hi Milinda,

You’ve got the FDCPA, FCCPA, RESPA and other consumer laws that may provide some protection, but Florida is a judicial foreclosure state and lenders may seek a deficiency judgment for the difference between the full mortgage balance and the value of the home at time of foreclosure.

There is a lot of information on the Broken Credit Blog regarding these subjects so my best advice is to start reading.

Thanks for the questions and hope this helps.

Paul

This author is not an attorney and this information should not be considered legal advice.  Please consult an attorney for legal advice.